a. In general, what is the policy of Alexander & Baldwin for recognizing revenue? 

b. Voyage Revenue Recognition: Revenue recognition - "commonly referred to as the percentage-of-completion method." "Voyage expenses are recognized as incurred."

Could this represent a challenge when matching cost with revenue? 

c. Logistics Services Revenue Recognition: "Revenue and the related purchased transportation are recognized based on relative transit time, commonly referred to as the percentage-of-completion method." Does this appear to be reasonable?

d. Real Estate Sales Revenue Recognition: There appear to be two methods used for revenue recognition for real estate sales. Describe these methods.

e. Real Estate Leasing Revenue Recognition: Describe this method.